{"url":"https://nivawealth.com/firms/makena-capital-management-156855","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/156855","regulatoryAum":24276709692,"crd":"156855","secFileNumber":"801-74068","legalName":"Makena Capital Management, LLC","displayName":"Makena Capital Management","website":"https://www.makenacap.com/","linkedinUrl":"https://www.linkedin.com/company/makena-capital/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2755 Sand Hill Road, Suite 200","city":"Menlo Park","state":"CA","stateName":"California","country":"United States","postalCode":"94025"},"tradeNames":[],"registration":{"secApproved":"30 March 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clients.","otherCustodians":[],"leadership":[{"name":"Mike Tremmel","title":"Chief Financial Officer & Managing Director","crd":"5068518"},{"name":"William McGrath","title":"Chief Compliance Officer, General Counsel & Managing Director","crd":"5909533"},{"name":"Lara Banks","title":"Managing Director","crd":"6774076"},{"name":"Joseph Dekker","title":"Managing Director","crd":"6436110"},{"name":"Jackson Garton","title":"Managing Director & Chief Investment Officer","crd":"6774084"},{"name":"Kia Ghorashi","title":"Managing Director","crd":"7717462"},{"name":"Joseph Magher","title":"Managing Director","crd":"4223828"},{"name":"Luke Proskine","title":"Managing Director","crd":"4212882"},{"name":"Brian Rodde","title":"Managing Director","crd":"6436100"},{"name":"Jonathan Van Gorp","title":"Managing Director","crd":"5239491"}],"ownership":[{"label":"Makena Capital Holdings, L.P.","detail":"Member in the 75% or more ownership band and a control person, since January 2020."},{"label":"Luke Proskine","detail":"Managing director in the 5% to 10% ownership band and a control person, since January 2011."},{"label":"Brian Rodde","detail":"Managing director in the 5% to 10% ownership band and a control person, since January 2015."},{"label":"Lara Banks","detail":"Managing director in the 5% to 10% ownership band, since January 2017."},{"label":"Jackson Garton","detail":"Managing director & chief investment officer in the 5% to 10% ownership band, since January 2017."},{"label":"Joseph Dekker","detail":"Managing director in the 5% to 10% ownership band, since January 2015."},{"label":"Makena Capital Management GP, LLC","detail":"Indirect owner: general partner of Makena Capital Holdings, L.P. and a control person, since January 2020.","parent":"Makena Capital Holdings, L.P."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2755 Sand Hill Road, Suite 200","city":"Menlo Park","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"650-926-0510","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"U.S. government/agency bonds","percent":7},{"label":"Investment grade corporate bonds","percent":6},{"label":"Securities issued by registered investment companies or business development companies","percent":62},{"label":"Cash and cash equivalents","percent":25}],"privateFunds":29},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/156855/PDF/156855.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Makena Capital Management have?","answer":"Makena Capital Management has 48 clients and manages $24.3 billion for them, as of March 2026. They include 36 pooled investment vehicles and 12 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Makena Capital Management offer?","answer":"Makena Capital Management provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Makena Capital Management use?","answer":"Makena Capital Management’s separately managed account assets are held at Charles Schwab Bank (San Francisco, CA), with $218,148,794, The Bank of New York Mellon (New York, NY), with $205,546,233 and U.S. Bancorp (Minneapolis, MN), with $68,040,682. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Makena Capital Management have?","answer":"Makena Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 77 employees, and 30 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Makena Capital Management invest in?","answer":"At the end of its last fiscal year, Makena Capital Management’s separately managed accounts held 62% registered funds (mutual funds, ETFs, BDCs), 25% cash and equivalents, 7% U.S. government and agency bonds and 6% investment grade corporate bonds. It advises 29 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Makena Capital Management?","answer":"Makena Capital Management’s direct owners are Makena Capital Holdings, L.P. (75% or more), Luke Proskine (5% to 10%), Brian Rodde (5% to 10%), Lara Banks (5% to 10%), Jackson Garton (5% to 10%) and Joseph Dekker (5% to 10%).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Makena Capital Management get paid?","answer":"Makena Capital Management is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/makena-capital-management-156855/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-10","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1359262/000135926226000005/0001359262-26-000005-index.html","totalValue":951848096,"positionCount":26,"top10Share":0.6958290989742127,"top10":[{"issuer":"VANGUARD INDEX FDS","titleOfClass":"S&P 500 ETF SHS","cusip":"922908363","value":289994534,"shares":422234,"shareType":"SH","priorValue":264557494,"priorShares":442737},{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI EAFE","cusip":"46432F842","value":98306561,"shares":1017877,"shareType":"SH","priorValue":97580114,"priorShares":1077876},{"issuer":"ISHARES INC","titleOfClass":"CORE MSCI 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}